Hanseatic Management Services Inc. Takes $1.04 Million Position in Twilio Inc. (NYSE:TWLO)

Hanseatic Management Services Inc. bought a new position in shares of Twilio Inc. (NYSE:TWLO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,656 shares of the technology company's stock, valued at approximately $1,044,000. Twilio comprises approximately 1.3% of Hanseatic Management Services Inc.'s holdings, making the stock its 28th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV raised its stake in Twilio by 67.4% in the third quarter. KBC Group NV now owns 22,705 shares of the technology company's stock valued at $1,481,000 after buying an additional 9,140 shares during the period. Zacks Investment Management bought a new stake in Twilio in the 3rd quarter valued at $3,386,000. Wealth Enhancement Advisory Services LLC raised its stake in Twilio by 167.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company's stock valued at $953,000 after acquiring an additional 9,141 shares during the period. Affinity Investment Advisors LLC acquired a new stake in Twilio during the 3rd quarter valued at $434,000. Finally, Los Angeles Capital Management LLC bought a new position in Twilio during the third quarter worth $2,168,000. 84.27% of the stock is owned by institutional investors.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 10,834 shares of the company's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the transaction, the chief financial officer now directly owns 153,910 shares of the company's stock, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,527 shares of company stock valued at $2,844,655. 4.50% of the stock is owned by insiders.

Twilio Stock Down 2.3 %

NYSE:TWLO traded down $2.65 on Friday, hitting $111.98. The stock had a trading volume of 2,790,458 shares, compared to its average volume of 2,071,561. Twilio Inc. has a 1 year low of $52.51 and a 1 year high of $117.92. The firm's fifty day simple moving average is $107.13 and its two-hundred day simple moving average is $79.44. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The stock has a market cap of $17.18 billion, a P/E ratio of -43.57, a price-to-earnings-growth ratio of 2.13 and a beta of 1.38.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TWLO shares. Barclays increased their price objective on shares of Twilio from $65.00 to $80.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Tigress Financial increased their price target on shares of Twilio from $85.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Monness Crespi & Hardt upgraded Twilio from a "neutral" rating to a "buy" rating and set a $135.00 price objective for the company in a report on Friday, November 15th. TD Cowen increased their target price on Twilio from $70.00 to $85.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Finally, Northland Securities upped their price target on shares of Twilio from $66.00 to $86.00 and gave the company a "market perform" rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $93.74.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.